Conclusion of the “Singapore Convention on Mediation” by Japan
October 2, 2023
- On October 1st, Japan deposited the instrument of accession to the United Nations Convention on International Settlement Agreements Resulting from Mediation (Singapore Convention on Mediation) with the Secretary-General of the United Nations in New York, the United States. This Convention will enter into force for Japan 6 months after the date of the deposit of its instrument of accession.
- This Convention establishes a framework for, including but not limited to, enforcement of international settlement agreements resulting from mediation in order to promote the use of mediation as a method of resolving international commercial disputes.
- It is expected that Japan’s conclusion of this Convention will further facilitate the use of mediation, and that it will contribute to expanding Japanese companies’ overseas businesses and to attracting foreign investment in Japan, thereby leading to its economic development.
This Convention will enter into force for Japan on April 1st, 2024, in accordance with the provisions of this Convention. The number of the Parties to this Convention is 11 countries at this time, and Japan becomes the 12th Party.